Ahlada Engineers IPO vs Lagnam Spintex IPO

Comparision between Ahlada Engineers IPO and Lagnam Spintex IPO.

IPO Details

Ahlada Engineers IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Lagnam Spintex IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Ahlada Engineers IPO	Lagnam Spintex IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Saffron Capital Advisors Private Limited	Boi Merchant Bankers Ltd Holani Consultants Private Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Ahlada Engineers IPO is up to ₹51.08 Cr whereas the issue size of the Lagnam Spintex IPO is up to ₹24.60 Cr. The final issue price of Ahlada Engineers IPO is ₹150.00 per share and of Lagnam Spintex IPO is ₹41.00 per share.

	Ahlada Engineers IPO	Lagnam Spintex IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹147.00 per share
Issue Price (Upper)	₹150.00 per share
Issue Price (Final)	₹150.00 per share	₹41.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1000 shares	3000 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	34,05,000 shares	60,00,000 shares
Issue Size Total (Amount)	up to ₹51.08 Cr	up to ₹24.60 Cr

IPO Timetable

Ahlada Engineers IPO opens on Sep 11, 2018, while Lagnam Spintex IPO opens on Sep 04, 2018. The closing date of Ahlada Engineers IPO and Lagnam Spintex IPO is Sep 18, 2018, and Sep 07, 2018, respectively.

	Ahlada Engineers IPO	Lagnam Spintex IPO
Anchor Bid Date
Issue Open	Sep 11, 2018	Sep 04, 2018
Issue Close	Sep 18, 2018	Sep 07, 2018
Basis Of Allotment (Tentative)	Sep 24, 2018
Initiation of Refunds (Tentative)	Sep 25, 2018
Credit of Share (Tentative)	Sep 25, 2018
Listing date (Tentative)	Oct 27, 2018
Anchor Lockin End date 1	Oct 24, 2018
Anchor Lockin End date 2	Dec 23, 2018

Financials

Ahlada Engineers IPO P/E ratio is , as compared to Lagnam Spintex IPO P/E ratio of .

Ahlada Engineers IPO

Lagnam Spintex IPO

Financial

Summary of financial Information (Restated Standalong)
Particulars	For the year/period ended (in Rs. Lakhs)
	31-Mar-18	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14
Total Assets	14,562.47	9,785.69	8,386.93	6,912.18	6,084.47
Total Revenue	12,789.38	11,855.26	11,147.19	9,630.66	7,913.50
Profit After Tax	809.01	327.29	305.98	258.61	264.85

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	31-Mar-18	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14
Total Assets	3,002.19	2,228.77	1,887.35	1,554.24	1,281.09
Total Revenue	8,454.47	7,358.43	5,656.41	4,983.41	4,205.99
Profit After Tax	468.49	367.09	208.50	157.82	144.71

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Ahlada Engineers IPO retail investors (RII) are offered 11,32,000 shares while in Lagnam Spintex IPO retail investors are offered 11,32,000 shares. Qualified institutional buyers (QIB) are offered 12,94,000 shares in Ahlada Engineers IPO and in Lagnam Spintex IPO.

	Ahlada Engineers IPO	Lagnam Spintex IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,71,000 shares	3,00,000 shares
QIB	12,94,000 shares
NII	8,08,000 shares	28,50,000 shares
RII	11,32,000 shares	28,50,000 shares
Employee
Others
Total	32,34,000 shares	57,00,000 shares

Bids Received (Subscription)

Ahlada Engineers IPO subscribed 2.35x in total, whereas Lagnam Spintex IPO subscribed 4.97x.

	Ahlada Engineers IPO	Lagnam Spintex IPO
QIB (times)	1.44x
NII (times)	2.64x	3.86x
Big NII (times)
Small NII (times)
RII (times)	3.19x	5.65x
Employee (times)
Other (times)
Total (times)	2.35x	4.97x

Compare with others

Ahlada Engineers IPO	Lagnam Spintex IPO
Spectrum Electrical IPO	Rajshree Polypack IPO
Ranjeet Mechatronics IPO	Synergy Green IPO
Akg Exim IPO	Ahlada Engineers IPO
Rajshree Polypack IPO	Marshall Machines IPO
Synergy Green IPO	Sumit Woods IPO
Marshall Machines IPO	Add-Shop Promotions IPO
Sumit Woods IPO	Aaron Industries IPO
Lagnam Spintex IPO	Dangee Dums IPO
Add-Shop Promotions IPO	Sungold Media Entertainment IPO
Aaron Industries IPO	Deep Polymers Limited

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